Economics is not an exact science. It's a combination of an art and elements of science. And that's almost the first and last lesson to be learned about economics: that in my judgment, we are not converging toward exactitude, but we're improving our data bases and our ways of reasoning about them.
It's important for market participants to have a sense of how we think about the economy and the appropriate path of policy, to look at incoming data, and to form their own judgments as to whether or not changes in policy would be appropriate.
If you are poor, shun association with him who measures men with the yardstick of riches.
The government, in my judgment, cannot create money; the government can give its note, like an individual, and the prospect of its being paid determines its value.
If history judges society for how it treats those in need, so markets judge economies by the incentives they provide for private investment, the infrastructure that supports growth, and the burdens placed on job creation.
You, who are ashamed of your poverty, and blush for your calling, are a snob; as are you who boast of your wealth.
Our present tax system ... exerts too heavy a drag on growth ... It reduces the financial incentives for personal effort, investment, and risk-taking ... The present tax load ... distorts economic judgments and channels an undue amount of energy into efforts to avoidtaxliabilities.
I cannot believe there is caste system in society; I cannot believe people are judged on the basis of their prosperity.
Central banks don't have divine wisdom. They try to do the best analysis they can and must be prepared to stand or fall by the quality of that analysis.
Valuation is vague and arbitrary, when there is no assurance that it will be generally acquiesced in by others.
If you're a Republican and rich, that's evil. But if you're a Democrat and rich, that's great.
It's not his job, the president's, to pick winners and losers, nor to pass judgment on anybody.
There is no sound basis upon which it may be assumed that all poor men are godly and all rich men are evil, no more than it could be assumed that all rich men are good and all poor men are bad.
The future generation is not going to judge India just on the basis of one election. There are greater things by which the country is judged. The future generation is going to want a strong economy.
